I like pharma / biotech deals. Can usually make money via options even after deal announcement. No position, but will definitely keep a close eye on JUNO.
The JUNO deal is structured as a tender offer so the deal should close by the end of March. I also like SNY acquisition of BIVV. BIVV also a tender offer and should also close by the the end of March.
Location: Somewhere in, Massachusetts, United States
I have a passion for the stock market. I primarily focus my research in the life sciences and merger arbitrage. I have degrees in Bio and Finance (not that it means much since investing is more of an art than a science). My MBTI personality type is ISTJ. I'm a Generation X'er and was born the year of the pig.
11 Comments:
Celgene rumored to be buying Juno..anyone taking a stake?
I like pharma / biotech deals. Can usually make money via options even after deal announcement. No position, but will definitely keep a close eye on JUNO.
selling JUNO Mar 85 Puts at avg. of $0.70... seems like a good deal?
I sold a few of the Jan (2020) 85 Puts for $1.20.
thanks! is far dated puts easy to sell? Mar 85 was easily sold..the price kept marching higher..
No problem with liquidity and getting a good fill with the long dated puts.
How long do you think it will take for the deal to be completed?
The JUNO deal is structured as a tender offer so the deal should close by the end of March. I also like SNY acquisition of BIVV. BIVV also a tender offer and should also close by the the end of March.
BIVV $100 and above options are available now.
How confident are you that these deals (JUNO & BIVV) will go through?
The profit margins seem pretty small, unless it's a sure thing.
Nothing is a sure thing, but I am very confident that JUNO and BIVV will close.
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